Nvidia Stock Will Crash

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Nvidia Stock Will Crash

Nvidia (Nvda) Crash Or New Highs?

Will Nvidia (NVDA) drop and find support at $100, or will it reach new highs and touch $300? That's the biggest question right now on anyone's mind who has bought Nvidia (NVDA) shares.

If we look, there are numerous occasions when people have called the Nvidia shares expensive. But Nvidia (NVDA) has reached new highs every single time and proved such people wrong.

Nvidia (Nvda) Is Riding The Ai Bandwagon

One of the major catalysts for Nvidia's growth is the AI revolution. But it could also be the same thing that would send the Nvidia stock price lower.

According to JP Morgan's head and the BoE, a correction is now on the cards in the next 6 months to 2 years. So, there's a real chance that we might witness a big drop in the Nvidia stock price.

If the Nvidia shares fall from the current price to $100, that would be a drop of almost 44%. It also means that $2 trillion will be wiped from Nvidia's market cap.

And it makes sense to consider that such a drop in Nvidia's share price could happen. After all, AI was hyped up a lot, and we have yet to see many results from it. In fact, a study from MIT shows that around 90% of firms that used AI got no returns on their investment.

Now, here's another scenario for the Nvidia shares price... Some analysts believe that the next target for Nvidia is now $300. That means an upside of almost 64% and a couple of trillion dollars in the company's market cap.

That could only happen if the AI proves its worth and starts to show real results for people and companies. But the chances of that happening are very low!

So, the path of least resistance for Nvidia's share price is now towards the downside. That's why the safest play right now is to avoid buying the Nvidia shares at such high prices and wait for a correction.

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